The CBD market has attracted plenty of entrepreneurs, despite the nascent industry’s wild ride so far. Running a business won’t always go smoothly, but you can learn how to navigate uncertain times, whether it’s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily’s live webcast, “Starting... Read more
A man in Florida wants a class-action brought against a Missouri-based CBD manufacturer after he says that third-party lab tests he ordered on the company’s products revealed lead and other contaminants. Michael Davis’s complaint, filed Monday at a Florida district court, accuses Missouri-based CBD American Shaman LLC of falsely... Read more
Photo courtesy Asheville Hemp Project (Editor’s note: This story is part of an occasional series of commentaries from professionals connected to the cannabis industry and first appeared on Marijuana Business Daily. Amy Steinfeld helps lead Brownstein Hyatt Farber Schreck’s marijuana and industrial hemp industry group. Jack Ucciferri is a... Read more
Hemp cleaning wipes and hemp toilet paper? Paper manufacturer Georgia-Pacific and a Canadian company that makes natural nonwoven fibers formed a partnership in February – born from a mutual interest in hemp – that could add those items to store shelves. Looking for alternatives to single-use nonwoven products, the... Read more
Farmers and agribusinesses can now apply for new coronavirus economic stimulus emergency loans and a though the Small Business Administration, which reopened its portal with new funds Monday after being closed since April 15. The agency said Monday that only agricultural business applications will accepted for Economic Injury Disaster... Read more
Lower-than-promised germination rates in a batch of hempseed from Colorado has spurred the California farm that bought the seed to file a $17 million lawsuit. GX Farms of Delano, California, said in the suit it bought 520,000 Cherry Blossom hempseeds in May 2019 at 70 cents each, or $364,000, from... Read more
An Oregon hemp business is suing two counties on allegations that police seized legal hemp from its warehouse and then destroyed it. Oregonized Hemp Co. LLC, a hemp farm and farm service contracting business based in Grants Pass, and owner Justin Pitts filed a $2.5 million lawsuit against Josephine... Read more
A new hemp company, Collective Growth Corp., virtually rang the bell on the Nasdaq Friday, beginning public trading already fully funded by investors. Headquartered in Austin, Texas, Collective Growth is a blank-check company that intends to focus on the “federally permissive cannabinoid industry,” said Joseph Brantuk, the chief client... Read more
Aerial photo of Lithempa facility (Photo courtesy of Rokas Šliupas) In a rural part of northern Lithuania, down a stretch of dirt road flanked by vast fields, Rokas Šliupas has spent months amassing the equipment he needs to kick-start Lithempa, his new hemp-extraction business. Located just outside the town... Read more
Canadian CBD company NewLeaf Brands Inc. has bought a Colorado-based businesses that cultivates different strains of mushrooms for medical purposes. Vancouver, British Columbia-based NewLeaf Brands Inc. said in a news release Thursday that it had acquired Mydecine Group in an all-stock deal. The agreement calls for NewLeaf Brands to... Read more
